The company is well-positioned to create value from its existing portfolio with a liquid balance sheet and cash flows from investments.
’s () investee businesses are starting to capitalise on the growing demand for CBD (cannabidiol) and cannabis products in North America and Europe.
During August, MMJ’s material investments made significant announcements in terms of achievement of business objectives and funding their operations:
- Harvest One (HVT) (11% of MMJ’s portfolio)
Harvest One Cannabis Inc () completed the sale of the Duncan Facility and its related operations in line with its transition to a cannabis-focused consumer packaged goods company.
MMJ believes that the HVT share price materially undervalues the opportunities provided by its existing portfolio as the Canadian investment market recovers and provides the opportunity for investors to acquire MMJ shares at an attractive price to their intrinsic value.
- Axiomm Technologies Inc (2% of portfolio)